TradeTheStructure

Is it time for Gold to finally bounce

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OANDA:XAUUSD   Ouro/Dólar Americano
Gold has been linked to the fortunes of the USD and been relentlessly sold as the USD moved up. Gold is now down on Daily support and the USD may have found a high if the US Fed Reserve get serious about inflation and interest rate rises. Watching Gold now to find some buyers and potentially squeeze out some of those pesky shorts. Preferred price action is for a flush of support and then a higher low.
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